It appears it could happen. The first thought that struck me, of course, is whether this means the trade talk involving Sage is heating back up. Have the Vikings let it be known they're ready to improve their offer? Have your Houston Texans let it be known that one third-round pick will get the deal done? Are there other teams involved? I have no idea, but I can't imagine the Texans are looking to bring Gray aboard if Sage is going to stay on the roster. In other words, the interest in Gray would seem to portend that the team thinks Rosenfels might be plying his trade elsewhere soon.
Trade talk aside, would Gray would be a good back-up for The Schaub? While it would be foolish to expect Gray to replicate what he did at Reliant on the final day of the 2007 season, his career numbers (specifically, his numbers last season filling in for a playoff-bound Jacksonville squad) make him an interesting candidate. At the very least, I think it'd be fair to say that any perceived drop-off from Sage to Gray wouldn't be that dramatic. And if that exchange also nets the Texans a second-rounder or multiple middle-round picks, doesn't Smithiak have to pull the trigger?